D.P. Abhushan Limited , a prominent jewellery retailer in Central India, has demonstrated resilience in its Q2FY26 performance despite challenging market conditions. The company reported a significant 99% year-on-year increase in EBITDA to ₹75.80 crore, while Profit After Tax (PAT) surged by 105% to ₹51.46 crore.

Financial Highlights

All financial figures in ₹ crore, except for PAT Margin

The company's performance is particularly noteworthy given the challenging environment, with gold prices surging nearly 45% year-on-year and 8% quarter-on-quarter, surpassing ₹100,000 per 10 grams in retail markets.

Festive Season Performance

D.P. Abhushan capitalized on the festive season, achieving record sales of ₹237 crore during Navratri and Dussehra 2025. This represents an 85% year-on-year growth across gold, silver, diamond, and other jewellery categories.

Expansion Strategy

The company continues to expand its retail footprint, having opened new showrooms in strategic locations:

1. Ajmer, Rajasthan
2. Neemuch, Madhya Pradesh
3. A second store in Ratlam, Madhya Pradesh

These additions bring D.P. Abhushan's total store count to 11 across Madhya Pradesh and Rajasthan.

Future Outlook

D.P. Abhushan plans to raise up to ₹600 crores through the Qualified Institutional Placement (QIP) route. This capital is earmarked for further expansion into Gujarat, Chhattisgarh, and other regions, signaling the company's ambitious growth plans.

Mr. Santosh Kataria, Chairman and Managing Director, commented on the results: "We are pleased to report a resilient performance in Q2FY26, despite the challenging industry environment. Our focus on design-led diamond collections, supported by a strong gold jewellery base across our stores, positions us well for sustainable growth in the coming quarters."

As D.P. Abhushan navigates the evolving jewellery market landscape, its strategic expansion and robust financial performance indicate a promising trajectory for the company in the competitive Central Indian jewellery sector.

D P Abhushan , a prominent player in the Indian jewelry market, has taken a significant step towards employee engagement and retention by introducing its Employee Stock Option Plan 2024 (ESOP-2024). The company's Nomination and Remuneration Committee has approved the grant of 62,300 employee stock options, marking a new chapter in its corporate strategy.

Key Details of ESOP-2024

Vesting and Exercise Timeline

The ESOP-2024 follows a structured vesting schedule, allowing employees to exercise their options over a four-year period:

Administration and Lock-in Provisions

The ESOP-2024 will be administered by the Nomination and Remuneration Committee, which has been granted the authority to impose lock-in provisions on the allotted equity shares. These lock-in periods may extend up to five years from the date of allotment, with exceptions made in cases of employee death or permanent disability.

Implications for D.P. Abhushan Limited

This move by D.P. Abhushan Limited aligns with contemporary corporate practices aimed at fostering employee loyalty and aligning staff interests with the company's long-term growth objectives. By offering stock options, the company is potentially creating a more engaged workforce with a vested interest in the company's success.

The ESOP-2024 not only serves as a retention tool but also as a means to attract top talent in the competitive jewelry market. As the company continues to grow, this employee stock option plan may play a crucial role in maintaining its market position and driving future innovations in the sector.

Investors and market watchers will be keen to observe how this initiative impacts D.P. Abhushan Limited's performance and employee satisfaction in the coming years. The success of this ESOP could set a precedent for similar programs in the Indian jewelry industry, potentially influencing sector-wide practices in employee compensation and retention strategies.